Enefit Green Valuation

Is EGR1T undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of EGR1T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EGR1T (€2.79) is trading below our estimate of fair value (€31.5)

Significantly Below Fair Value: EGR1T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EGR1T?

Key metric: As EGR1T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for EGR1T. This is calculated by dividing EGR1T's market cap by their current earnings.
What is EGR1T's PE Ratio?
PE Ratio	11.9x
Earnings	€61.94m
Market Cap	€737.33m

EGR1T key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	6.8x
Enterprise Value/EBITDA	14x
PEG Ratio	-1.9x

Price to Earnings Ratio vs Peers

How does EGR1T's PE Ratio compare to its peers?

The above table shows the PE ratio for EGR1T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	10.9x
INF1T Infortar	4.3x	n/a	€898.8m
TVE1T AS Tallinna Vesi	16.8x	n/a	€203.0m
ADX Audax Renovables	14.2x	8.5%	€729.1m
3868 Xinyi Energy Holdings	8.3x	11.8%	HK$6.8b
EGR1T Enefit Green	11.9x	-6.2%	€737.3m

Price-To-Earnings vs Peers: EGR1T is expensive based on its Price-To-Earnings Ratio (11.9x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does EGR1T's PE Ratio compare vs other companies in the European Renewable Energy Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: EGR1T is good value based on its Price-To-Earnings Ratio (11.9x) compared to the European Renewable Energy industry average (16.4x).

Price to Earnings Ratio vs Fair Ratio

What is EGR1T's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EGR1T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.9x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EGR1T's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst EGR1T forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€2.79	€4.01 +43.7%	0.2%	€4.02	€4.00	n/a	2
Nov ’25	€2.90	€4.01 +38.3%	0.2%	€4.02	€4.00	n/a	2
Oct ’25	€2.91	€4.01 +37.7%	0.2%	€4.02	€4.00	n/a	2
Sep ’25	€2.99	€4.01 +34.1%	0.2%	€4.02	€4.00	n/a	2
Aug ’25	€3.06	€4.11 +34.3%	2.2%	€4.20	€4.02	n/a	2
Jul ’25	€3.04	€4.11 +35.2%	2.2%	€4.20	€4.02	n/a	2
Jun ’25	€3.06	€3.94 +28.8%	6.4%	€4.20	€3.60	n/a	3
May ’25	€3.22	€3.94 +22.4%	6.4%	€4.20	€3.60	n/a	3
Apr ’25	€3.14	€3.94 +25.5%	6.4%	€4.20	€3.60	n/a	3
Mar ’25	€3.26	€3.90 +19.7%	7.7%	€4.20	€3.60	n/a	2
Feb ’25	€3.55	€4.05 +14.1%	11.1%	€4.50	€3.60	n/a	2
Jan ’25	€3.56	€4.05 +13.9%	11.1%	€4.50	€3.60	n/a	2
Dec ’24	€3.51	€4.05 +15.3%	11.1%	€4.50	€3.60	n/a	2
Nov ’24	€3.72	€4.95 +33.2%	1.0%	€5.00	€4.90	€2.90	2
Oct ’24	€4.02	€4.95 +23.2%	1.0%	€5.00	€4.90	€2.91	2
Sep ’24	€3.97	€5.03 +26.7%	2.5%	€5.20	€4.90	€2.99	3
Aug ’24	€4.22	€5.03 +19.3%	2.5%	€5.20	€4.90	€3.06	3
Jul ’24	€4.36	€5.03 +15.4%	2.5%	€5.20	€4.90	€3.04	3
Jun ’24	€4.80	€5.03 +4.9%	2.5%	€5.20	€4.90	€3.06	3
May ’24	€4.69	€5.03 +7.4%	2.5%	€5.20	€4.90	€3.22	3
Apr ’24	€4.40	€5.03 +14.3%	2.5%	€5.20	€4.90	€3.14	3
Mar ’24	€4.44	€5.03 +13.3%	2.5%	€5.20	€4.90	€3.26	3
Feb ’24	€4.37	€5.03 +15.3%	2.5%	€5.20	€4.90	€3.55	3
Jan ’24	€4.38	€5.03 +15.0%	2.5%	€5.20	€4.90	€3.56	3
Dec ’23	€4.38	€5.03 +14.9%	2.5%	€5.20	€4.90	€3.51	3
Nov ’23	€4.18	€4.95 +18.4%	1.0%	€5.00	€4.90	€3.72	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.